iQIYI Inc. (NASDAQ:IQ) saw a downside of -0.76% to close Monday at $5.20 after subtracting -$0.04 on the day. The 5-day average trading volume is 8,309,620 shares of the company’s common stock. It has gained $5.71 in the past week and touched a new high 1 time within the past 5 days. An average of 9,579,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,022,702.
IQ’s 1-month performance is 3.79% or $0.19 on its low of $4.90 reached on 07/24/23. The company’s shares have touched a 52-week low of $1.65 and high of $7.99, with the stock’s rally to the 52-week high happening on 02/13/23. YTD, IQ has lost -1.89% or -$0.10 and has reached a new high 6 times. However, the current price is down -34.91% from the 52-week high price.
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Valuation Metrics
IQ stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.28 while the price-to-book (PB) in the most recent quarter is 3.38, with the price to cash flow ratio at 31.95.
iQIYI Inc.’s quick ratio for the period ended March 30 was 0.70, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending March 30 was 1.10, while the total debt to equity was 2.19. In terms of profitability, the gross margin trailing 12 months is 25.80%. The trailing 12-month EBITDA margin is 51.38% while for the period ending March 30, iQIYI Inc.’s operating margin was 6.90%. The firm’s gross profit as reported stood at $968.25 million against revenue of $4.2 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -4818.13% to -$19.75 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected IQ to announce $0.06 per share in earnings in its latest quarter, but it posted $0.09, representing a 50.00% surprise. EBITDA for the quarter stood at more than $125.53 million. IQ stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 6.05 billion, with total debt at $23.78 billion.
Let’s look briefly at iQIYI Inc. (IQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 30.86% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.35%.
The stock’s 5-day moving average is $5.42, reflecting a -9.57% or -$0.55 change from its current price. IQ is currently trading -2.99% above its 20-day SMA, -24.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.97% and SMA200 by+144.13%.
Stochastic %K and %D was 9.40% and 11.55% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 39.69%, while the 14-day stochastic is at 10.56% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for iQIYI Inc. (NASDAQ: IQ), Macquarie upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for IQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IQ as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 23 have offered a “buy” rating.
